Speetzen Michael T 4

What Happened

• Michael T. Speetzen, CEO of Polaris Inc. (PII), received equity awards on January 28, 2026. The filing reports two components: 65,446 shares acquired at $64.94 per share (total value reported $4,250,063) and a derivative award for 243,275 shares recorded at $0.00.
• These transactions are grants/awards (transaction code A), not open-market purchases or sales—i.e., compensation-related equity, not an outright stock buy or sale.

Key Details

• Transaction date: 2026-01-28. Filing date: 2026-01-30 (timely; Form 4 generally must be filed within two business days).
• Awarded shares: 65,446 shares at $64.94 (reported value $4,250,063). Derivative award: 243,275 shares @ $0.00 (reported as derivative/option).
• Vesting note (footnote F1): the derivative option vests in three equal installments on Feb 9, 2027; Feb 8, 2028; and Feb 13, 2029.
• Shares owned after the transaction: not provided in the data you supplied (check the full Form 4 for post-transaction beneficial ownership).
• No indication in this filing that shares were sold or that a 10b5-1 plan or tax withholding was used.

Context

• This is a grant of compensation equity (one cash-valued share award and a larger derivative/options award with future vesting). Such grants are common for executives and reflect compensation decisions rather than immediate trading intent.
• Because the larger portion is a derivative award that vests over time, its economic benefit depends on future vesting and Polaris’s share price at those vesting dates.